The development of the 100 Gaj Jewar Airport Land Price at Jewar has ignited a land boom in the surrounding regions. Among the various plot sizes available, the 100 Gaj plot (approximately 900 sq. ft.) has become a highly sought-after option for individual investors and small-scale developers. Understanding the price dynamics of these plots is crucial for making an informed investment decision.
The price of a 100 Gaj plot in Jewar is not a fixed figure but a variable influenced by several key factors. The current price range can vary significantly, typically falling between ₹XX lakhs to ₹XX lakhs (Note: Specific figures are highly time-sensitive and must be verified from local property dealers and recent registry data).
Key Factors Influencing the Price:
- Exact Location & Proximity: This is the most critical factor. A plot within the immediate airport zone (e.g., in YEIDA sectors) will command a premium price compared to one in a village abadi or a developing society a few kilometres further away. Direct access to main roads and upcoming infrastructure nodes adds value.
- Developer & Society Reputation: Plots developed by reputable authorities like the Yamuna Expressway Industrial Development Authority (YEIDA) or well-known private developers with a track record of delivering projects are priced higher due to assured legality, proper planning, and infrastructure promises.
- Current Infrastructure & Connectivity: Plots in areas with already laid-down roads, water supply, electricity lines, and drainage systems are more expensive than those in barren land where development is promised for the future.
- Registry Type & Land Title: The clarity of the land title is paramount. Agricultural land (known as ‘agricultural land’ or ‘gram samaj land’) is cheaper but requires conversion for non-agricultural use, which is a complex process. Plots with clear, freehold titles and approved maps from the authority carry a higher price tag due to their safety and legality.
- Market Speculation & Future Potential: As the airport’s construction progresses, each milestone announcement can cause price fluctuations based on investor sentiment and speculative demand.
1. What is the exact size of a 100 Gaj plot?
In the Northern parts of India, including Uttar Pradesh, 1 Gaj is often treated as equivalent to 1 Square Yard. Therefore, a 100 Gaj plot is approximately 100 square yards or 900 square feet.
2. Is buying a 100 Gaj plot in Jewar a good investment?
Given the scale of the Noida International Airport project and the massive infrastructure development planned around it, investing in land in Jewar is generally considered to have strong long-term appreciation potential. However, like any real estate investment, it carries risk and depends heavily on buying the right plot in the right location at the right price.
3. Can I get a home loan or bank financing for such a plot?
Banks are generally hesitant to offer loans for the purchase of vacant land, especially smaller plots, as it is considered a higher-risk asset. They primarily offer loans for constructed properties or for plots within approved colonies where construction will begin immediately. Financing for land purchase is more commonly available through NBFCs or developer schemes, often at higher interest rates.
4. What should I check before finalising a purchase?
Always verify:
- Title and Ownership Documents: Ensure the seller has a clear, marketable title.
- Approval Maps: Check if the plot is part of an authority-approved colony (e.g., YEIDA).
- Encumbrance Certificate: Confirm the property is free from any legal dues or mortgages.
- Land Use Conversion: If it was agricultural land, ensure it has been converted to residential/industrial use.
- Local RERA Registration: If it’s a project, check for RERA registration.
5. What are the ongoing costs after purchasing a plot?
After purchase, you may be liable to pay property tax to the local municipality or authority. If the plot is within a gated society, there might be annual maintenance charges for security and upkeep of common areas.
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